FLAGS Medical Office Building Portfolio

Category: Medical Office Buildings

FLAGS Medical Office Building Portfolio is comprised of four medical office buildings including: Boynton East Medical Office Building, East-West Medical Office Building, Okatie Medical Office Building and Tempe St. Luke's Medical Office Building.

Boynton East Medical Office Building is a two-story, 28,000-square-foot facility built in 2003 on the campus of the 400-bed Bethesda Memorial Hospital in Boynton Beach, Florida. The property is 95 percent leased to eight tenants, the largest of which is Bethesda Memorial, which occupies more than 46 percent of the building.

East-West Medical Office Building is a single-story, 42,000-square-foot facility built in 1999 in the Atlanta suburb of Austell, Georgia. The property is 100 percent leased to two tenants, the largest of which is Ortholink Physicians Corporation, which occupies nearly 79 percent of the building. The 382-bed WellStar Cobb Hospital, which employs more than 11,000 people, is located approximately one-half mile from East-West Medical Office Building.

Okatie Medical Office Building is a three-story, 47,000-square-foot facility built in 1997 in Okatie, South Carolina. The property is approximately 91 percent leased to three tenants, including Hilton Head Regional Healthcare System, which occupies nearly 82 percent of the building.

Tempe St. Luke's Medical Office Building is a three-story, approximately 60,000 square-foot facility built in 1996 on the campus of the 87-bed Tempe St. Luke's Hospital, a state-of-the-art hospital that has served its community for more than 60 years. The building is currently 88.8 percent leased to nine tenants, the largest of which is Tempe St. Luke's Hospital.